below tandart print area (defined by @media print in AHDBprojectblue.less)

How is the global market reacting to coronavirus?

Friday, 15 May 2020

International Grains Council Interview

David Eudall, Head of Arable Market Specialists talks to Arnaud Petit, Executive Driectior of the International Grains Council. Arnaud discusses the work of the IGC over recent weeks, how global supply chains are coping with the isues caused by coronavirus and how the market may continue to evolve over the coming months.

For more information on the work of the IGC please click here. The IGC are holding their annual conference online this year, more can be found using this link.

Sign up for regular updates

You can subscribe to receive Grain Market Daily straight to your inbox. Simply fill in your contact details on our online form and select the information you wish to receive.

3 June 2020

As we move towards harvest 2020, the value of imported grains and oilseeds will play a key role in setting the price of domestic supplies, the value of imported maize will prove pivotal to setting values in feed markets.

2 June 2020

Planting figures for US maize and soyabean crops were slightly below market pre-release estimates, according to Monday’s US crop progress report. Progress has slowed from the rapid pace seen at the start of the season, but remains above the five-year average (2015-19).

29 May 2020

Higher UK wheat supplies due to a large production year and relatively stable demand, combined with our export campaign slowing considerably post October have resulted in a large increase in closing stocks.

28 May 2020

During our barley week last week, we highlighted the increase in trade tensions between China and Australia, with the former potentially imposing a $74/t tariff on imports of Australian barley. This offers a high degree of price risk for domestic barley, particularly given the significant export volumes expected from the UK next year.

27 May 2020

News of countries beginning to ease lockdown measures has enabled vegetable oil prices to show some signs of recovery. UK rapeseed prices have benefitted from both this rise in Paris futures and a weakening GBP/EUR exchange rate.

21 May 2020

The closure of the food service industry for almost two months now has reduced demand for meat and grain products. The impact of coronavirus on meat and dairy production will likely translate to a fall in demand for feed grains.

20 May 2020

Yesterday, the UK government released its import tariff schedule, which is due to come into force once the UK leaves the European Union on 31 December 2020. For arable, the tariff schedule largely reflects the adoption of EU tariff rates, transformed by currency, whilst for maize the tariff rate has been liberalised to zero.

13 May 2020

Yesterday the USDA released their first new-crop supply and demand estimates for global grains. Whilst the market isn’t initially shocked by these, the context does frame a longer-term bearish view to grain markets with growing global stocks and increases in production.

13 May 2020

In these current uncertain times, the concerns around how we will leave the EU almost seem like an earlier lifetime. But they are still very real. The UK is scheduled to exit the Union on 31 December 2020 and unless a trade deal is struck, UK barley exports into the EU may be subject to a hefty tariff.

6 May 2020

While this time of year would normally be dominated by a weather market, the direction of commodity markets continues to be heavily influenced by politics, the pandemic and global economies to a larger extent.

30 April 2020

In unprecedented circumstances, it becomes increasingly important to draw out the implication of coronavirus for the UK market. One of the biggest talking points from a domestic consumer perspective has been the lack of flour on supermarket shelves. It is all too easy to assume that demand for wheat from the human and industrial (H&I) sectors is on the rise.